Amplify Snack Brands Inc (BETR) is Reiterated by DA Davidson to Buy, Raises Price Target to $ 19

Amplify Snack Brands Inc (BETR) was Reiterated by DA Davidson to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 19 from a previous price target of $18 . DA Davidson advised their investors in a research report released on Aug 9, 2016.

On the company’s financial health, Amplify Snack Brands Inc reported $0.15 EPS for the quarter, based on the information available during the earnings call on Aug 8, 2016. Analyst had a consensus estimate of $0.15. The company had revenue of $59.90 million for the quarter, compared to analysts expectations of $59.90 million. The company’s revenue was up 26.4% compared to the same quarter last year.

In a different news, on Jun 24, 2016, Ii William David Christ (director) sold 2,144 shares at $10.77 per share price. According to the SEC, on Jun 24, 2016, Jeffrey S Barber (director) sold 2,273 shares at $10.77 per share price. On Jun 24, 2016, Pamela L. Netzky (director) sold 73,596 shares at $10.77 per share price, according to the Form-4 filing with the securities and exchange commission.

Amplify Snack Brands Inc. is a snack food company. The Company is engaged in marketing and distribution of better-for-you (BFY) ready-to-eat (RTE) snacking products. The Company’s anchor brand SkinnyPop is a BFY RTE popcorn brand. The Company’s SkinnyPop product portfolio consists of four core flavors which include original black pepper white cheddar flavor and naturally sweet along with occasional rotational flavors which are sold in a range of packaging sizes and marketed under the SkinnyPop brand. The Company’s SkinnyPop brand sells products and is sold in over 47000 retail locations in the United States and Canada. The Company distributes its products across a range of retail channels including natural and conventional grocery drug convenience club and mass merchandise. The Company also has a presence in the foodservice and selected other non-food retail channels.

Amplify Snack Brands Inc

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